North America High Temperature Coatings market report gives comprehensive outlook on High Temperature Coatings across the globe with special emphasis on key countries such as U.S. and Canada. The report on North America High Temperature Coatings market gives historical, current, and future market sizes (US$ Mn) on the basis of Coating Technology, Resin Type, End User and region. This report studies North America High Temperature Coatings market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, North America High Temperature Coatings market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. The report also includes the total revenue and volume of each segment of the market. Moreover, PBI analyzed North America High Temperature Coatings market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the North America High Temperature Coatings market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in North America High Temperature Coatings products.

North America High Temperature Coatings Market:

The North America High Temperature Coatings market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Some of the key factors that are responsible for market growth include increasing demand for high temperature coatings in developing countries, rising application of these coatings in automotive, technological improvements and substantial R&D spending. In addition, the opportunities for the high temperature coatings industry are leveraging technology requirements and rules in higher value sectors and targeting current as well as possible markets where high temperature coatings can be used.

Increasing Demand for Water-Borne High-Temperature Coatings

There is a growing demand for water-borne high-temperature coatings chiefly due to their compliance with severe VOC emission control guidelines. The water-borne high-temperature coatings emit low levels of VOC and other hazardous air pollutants (HAPs). Furthermore, they provide better aesthetics and longer lifespan. In water-borne coatings, water is used to disperse the resin. This makes them environment-friendly and easy to apply. They generally contain 80% water, and the rest is composed of solvents such as glycol ethers. The manufacturers of water-borne high-temperature coatings are required to adhere to regulatory bodies in the US and Europe. As per the strict guidelines, water-borne coatings should only have VOC content less than 3.5 pounds per gallon of water.

The increasing demand for acrylic based water-borne coatings is additional key trend in the market as they provide better performance, easy handling, and low VOC emission. The increase in the popularity of this product is due to certain advantages such as excellent aesthetic maintenance, high processability, and better productivity. The increasing popularity and demand for water-borne high-temperature coatings will present immense growth opportunities for the North America high-temperature coatings market

Volatility in Raw Material Prices

The restraints for the market include volatility in raw material prices and legislations curbing the use of hazardous chemicals. Epoxy, acrylic, Polyethersulfone, Polyester, and Alkydare some of the raw materials. Most of these raw materials are the downstream/byproducts of crude oil. Hence, high crude oil prices are expected to affect the prices of these raw materials.

U.S. Accounts for Larger Market Revenue Share in North America High Temperature Coatings Market

U.S. accounted for larger revenue share in North America High Temperature Coatings market with considerable CAGR. Moreover, U.S. high temperature coatings demand in automotive sector is anticipated to grow at significant growth and is anticipated to grow at a CAGR. The coating acts as a thermal barrier on engine components and protects the metal substrates against corrosion thereby minimizing frequent maintenance requirements. The growing demand of protection coatings in aerospace, electronics industries has propelled the countries such as the U.S., Canada to achieve a stunning growth in the market.

Competition Assessment

Key player’s profiles in the North America High Temperature Coatings market include:

Whitford (U.S.)

Weilburger Coatings GmbH (Germany)

The Valspar Corporation (U.S.)

The Sherwin-Williams Company (U.S.)

PPG Industries Inc. (U.S.)

Jotun A/S (Norway)

Hempel (Denmark)

Chemco International Ltd. (U.K.)

Carboline (U.S.)

Belzona International Ltd. (U.K.)

Axalta Coating Systems (U.S.)

Aremco (U.S.)

AkzoNobel N.V. (Netherlands)

North America High Temperature Coatings market is surging owing to frequent acquisitions and launchings by the market players. For instance, Axalta Coating Systems launched its new collection of Tufcote protective rail car coatings for the industrial rail car and transportation industry. The product line includes easy-to-apply, high-build coatings that deliver superior protection.

Key Findings of the Report:

North America High Temperature Coatings market expanding at significant CAGR over 2019 to 2025 which could be attributed to the wide product adoption in major end-use industries.

Based on End User, Energy and Power segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period

Players focusing on innovation of newer products and collaboration strategies to retain market position in North America High Temperature Coatings market

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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